Page 26 - Jerome Powell
US Federal Reserve's balance sheet shrinks for first time since February
The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier
 "US Federal Reserve's balance sheet shrinks for first time since February")
Indices tumble as worries over second wave of infections cloud sentiment
Fed's assessment of a long-lasting damage to US economy dented risk appetite
 "Indices tumble as worries over second wave of infections cloud sentiment")
Emerging-market rally seen unstoppable as traders turn to Powell
JPMorgan's measure of implied volatility for EM currencies had its biggest weekly drop since 2011
 "Emerging-market rally seen unstoppable as traders turn to Powell")
Second wave of Covid-19 could derail US economic recovery: Fed chief Powell
Powell believes that the second wave of coronavirus cases would dampen consumer confidence and hurt economic recovery
 "Second wave of Covid-19 could derail US economic recovery: Fed chief Powell")
US economy to recover from Covid-19 shock by end of 2021: Fed Chief Powell
The US has expressed disappointment over China's handling of the Covid-19 which has claimed nearly 90,000 lives in America
 "US economy to recover from Covid-19 shock by end of 2021: Fed Chief Powell")
Stock markets fall sharply as stimulus package fails to lift sentiment
The benchmark indices fell nearly 3% on Thursday, erasing all the gains made a day earlier on optimism over the Rs 20-trillion rescue package announced by the government
 "Stock markets fall sharply as stimulus package fails to lift sentiment")
Market Wrap, May 14: Here's all that happened in the markets today
Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels
 "Market Wrap, May 14: Here's all that happened in the markets today")
Market Ahead, May 14: All You Need To Know Before The Opening Bell
A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today
Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump
The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).
Wall Street falls as Powell warns of extended period of weak growth
It will take some time for the US economy to get back to where it was, Powell said in a webcast, and called for more fiscal stimulus
 "Wall Street falls as Powell warns of extended period of weak growth")
Fed Chair Powell warns of prolonged US recession after coronavirus
He said the US economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus
Amidst the gloom and doom, the market's exuberance is confounding
For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak
 "Amidst the gloom and doom, the market's exuberance is confounding")
For Fed Chair Powell, March was intense as response to Covid-19 intensified
Though the calendar gives no details on what was discussed, it suggests an explosion of activity at the US central bank unseen since the darkest days of the 2007-2008 financial crisis
Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%
The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931
 "Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%")
US Fed cuts rates, central banks coordinate to cushion coronavirus blow
The Bank of Japan just said it will hold an emergency meeting Monday, instead of the March 18-19 scheduled one
 "US Fed cuts rates, central banks coordinate to cushion coronavirus blow")
Coronavirus outbreak raises risks to outlook: US Fed chief Jerome Powell
US stocks initially advanced after the announcement before sliding into losses, while the 10-year treasury yield neared 1 per cent
 "Coronavirus outbreak raises risks to outlook: US Fed chief Jerome Powell")
Markets seesaw as coronavirus fears linger; Sensex ends 153 points lower
The broader index also witnessed one of its most volatile sessions ever, swinging nearly 400 points, or 3.6%
 "Markets seesaw as coronavirus fears linger; Sensex ends 153 points lower")
US Fed keeps rates steady, flags 'uncertainties' from coronavirus outbreak
Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.
Why equities will remain in favour
The global equity markets overall may prove directionless in 2020, but individual stocks still look capable of powering ahead. Investors will need to focus on stock-picking
 "Why equities will remain in favour")
Fed chief Powell reasserts central bank's independence in talks with Trump
Federal Reserve Chairman Jerome Powell reasserted the independence of the US central bank during White House talks with President Donald Trump on Monday, the Fed said. Powell attended the meeting, which comes amid an unprecedented campaign of public attacks on the central bank, at the invitation of the president, and was joined by Treasury Secretary Steven Mnuchin, the Fed said in a statement. In a tweet, Trump, who has lambasted Powell in harsh, personal terms over monetary policy, said the meeting was "good & cordial," adding that "everything was discussed" including interest rates, inflation, foreign exchange and the Fed's balance sheet policies. The Fed, however, said Powell's comments were consistent with last week's congressional testimony and did not concern "expectations for monetary policy," except to say it will depend entirely on new economic information. "Finally, Chair Powell said that he and his colleagues on the Federal Open Market Committee will set monetary ...